I am in law school and will graduate in 2011. I started off as part time and may switch to full time. We are lucky to be the first year not the third year. Things are really ugly out there. But I am pretty sure it will turn around by the time we graduate.
Don't think too much about "CHANCE" or "POSSIBILITY" because you only need ONE job, if you get one, that is 100%, if you don't, that is 0. There are always jobs. Try your best, you'll get what you want.